Capital Markets and Corporate Governance

Capital Markets and Corporate Governance

by Nicholas Dimsdale, Martha Prevezer, Dimsdale
     
 

This book brings together a collection of papers by leading academics, bankers, and consultants, in a masterful survey of leading issues in corporate governance. The papers concentrate upon the financing of corporations, and the role of the banks and stock markets in the United Kingdom, Germany, and Japan. A central theme of the book is a constant awareness of the… See more details below

Overview

This book brings together a collection of papers by leading academics, bankers, and consultants, in a masterful survey of leading issues in corporate governance. The papers concentrate upon the financing of corporations, and the role of the banks and stock markets in the United Kingdom, Germany, and Japan. A central theme of the book is a constant awareness of the links between the accountability of senior managers, the system of corporate governance, and the performance of a company. This book examines the role of shareholders, company boards, and managers under a market-based system as in the UK and USA, in comparison with the 'insider' system found in Japan and, to a lesser extent, Germany. The contributors discuss the view that this UK system leads to a preoccupation with short-term corporate performance and a greater likelihood of hostile takeovers. The contribution of the banks to corporate finance and control is examined in several papers, including a discussion of the special problems of small firms. Part II of the book begins with a chapter comparing and contrasting the British experience with other systems, and then authoritatively analyses the Japanese and the German financial and corporate systems. Capital Markets and Corporate Governance provides an essential insight into issues of corporate financing, accountability of managers, and efficiency. The contributors deal with this complex and topical subject in a comprehensive and lucid manner.

Read More

Product Details

ISBN-13:
9780198287889
Publisher:
Oxford University Press, USA
Publication date:
08/28/2001
Pages:
360
Product dimensions:
6.38(w) x 9.50(h) x 1.08(d)

Table of Contents

Abbreviations
Introduction3
1The Need to Restore Corporate Accountability: An Agenda for Reform Postscript on the Draft Report of the Cadbury Committee13
2Corporate Strategy and Corporate Accountability50
3Market Assessment of Company Performance66
4A Larger Role for Institutional Investors99
5Proposals for a Reformed System of Corporate Governance to Achieve Internationally Competitive Long-Term Performance111
6The Changing Relationship between the Banks and Business in the UK128
7Small Firms and Clearing Banks141
8The Role of the Banks161
9Stock-Markets, Financial Institutions, and Corporate Performance179
10The Role of the Venture Capital Industry in the UK195
11The 'Problems' of Finance for Smaller Businesses209
12Corporate Governance: The UK Compared with Germany and Japan237
13An Overview of the German Financial System257
14The Role of the German Capital Markets and the Universal Banks, Supervisory Boards, and Interlocking Directorships284
15An Overview of the Japanese Financial System306
16The Role of the Japanese Capital Markets: The Effect of Cross-Shareholdings on Corporate Accountability325
Index343

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >